Congressman Ron Paul’s quest to bring down the Federal Reserve continues. In a CNBC interview this morning he reiterated again his firm position against the activities of the Federal Reserve being conducted in secret. Paul believes there are many questions which Fed legitimately needs to answer on its activities. He thinks the public should have the right to know how, when, and to whom the nation’s central bank lends its money.
According to Paul, whose basic premise in his fight against the Fed is Einstein’s “Don’t expect the people who caused a problem to solve it,” 75% of people want to see the Fed audited. “The Fed will self destruct when it destroys the dollar”, Paul said.
Last week a key House panel approved the Paul-Grayson Amendment by an overwhelming 43-26, giving watchdogs new authority to audit the Federal Reserve. Paul insists that accusation that proposal would politicize Fed is wrong.
So now representing the people is ‘pandering’? That suggests that politicians own their duty to someone other than the people. Speak of insanity, expecting the Fed to fix what it has so badly broken is ridiculous. And with the dollar being worth 4 cents on the dollar the Fed took over in 1913, can you EXPLAIN why an independent fed is a good idea at all?
And the argument that the fed WON’T raise interest rates because of politics ignores how the FEd artificially kept interest rates low to cause the bubble even ‘independent and secretive’. Obviously secrecy doesn’t work. Transparency can’t really be worse, given its record, and at least would stop outright conflict of interest dishonesty.
I like to know where to send my donation to CNBC so you people will have a few coins to spend on you video cyber invasion protection. I have never seen or heard such a bad download. What technology are you people using? It is really cleaver to distort the discussion on such a vital issue. This will not stop the runaway train. The Fed is going down with the dollar and maybe, with Gods blessings, we will be as fortunate as the Zimbabwe people and start over without any debt. There will however be a lot of misery and suffering in the mean time. The Fed cheerleaders in the media should hang with the rest of the scum.
Power to Ron Paul!!!
Tear DOWN the FED RESERVE, throw all Rockefellers, Rothschilds, Warburgs, Dick Cheneys and Bushs and all Presidents of the COUNCIL Of FOREIGN RELATIONS (CFR) into Jail!!
No, better, hand them over to the countries where they caused the biggest and worst damages with their WorldWars and crises igitions fundings!!
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The freemarket should set interest rates. By setting artificially low rates the fed creates bubbles that over stimulate certain sectors of the economy. Actually the central bank is an enemy of the free market. I believe we will have a dollar crisis in the next 24 months. They’ve turned the peoples money into a peso. Remember, its supposed to be our money. Inflation is a hidden tax. Our dollar has lost a quarter of its value in the last 7 years alone.